AGF Management (TSE:AGF.B) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of AGF Management Limited (TSE:AGF.B) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$19.43 and traded as high as C$23.06. AGF Management shares last traded at C$22.99, with a volume of 169,061 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank Of Canada upped their price objective on AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. TD raised their target price on AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, June 19th. Finally, Desjardins lifted their price target on shares of AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, AGF Management currently has a consensus rating of “Moderate Buy” and an average target price of C$20.28.

AGF Management Stock Down 2.2%

The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The business has a 50-day moving average price of C$21.65 and a 200 day moving average price of C$19.46. The stock has a market capitalization of C$1.39 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.18 and a beta of 1.25.

AGF Management (TSE:AGF.B) last posted its earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. The firm had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, equities analysts expect that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

About AGF Management

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.